UPDATE - Taiwan awards 1.66 GW offshore wind at as low as USD 73/MWh

Offshore wind farm. Photo by: Enersea (www.enersea.nl)

June 22 (Renewables Now) - Taiwan today awarded 1,664 MW of offshore wind capacity to two developers, with bids ranging from TWD 2,225 (USD 73.4/EUR 63) to TWD 2,548 (USD 84.1/EUR 72.1) per MWh, the economic ministry said.

Canada-based Northland Power Inc (TSE:NPI) and its partner Yushan Energy Co Ltd of Singapore won 744 MW at two sites. The Hailong 2 project was awarded 232 MW at a price of TWD 2,224.5 per MWh, while Hailong 3 was allocated 512 MW at a price of TWD 2,502.5 per MWh.

Danish offshore wind developer Ørsted A/S (CPH:ORSTED) won 920 MW of capacity in the auction at TWD 2,548 and TWD 2,548.1 per MWh. The capacity is located at two sites of the company's Greater Changhua projects.

Seven developers with 12 offshore wind sites competed for the 1,664 MW available capacity, the ministry said.  

The auction follows a grid allocation process in April and is in line Taiwan's plan to allocate of 5.5 GW of offshore wind for construction by 2025.

(TWD 10 = USD 0.330/EUR 0.283)

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Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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